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Posts Tagged ‘Greg Coleman’

AOL Buys HuffPo For $315 Million

In a surprise move over the weekend, AOL announced that it had agreed to buy The Huffington Post for $315 million.

Arianna Huffington will serve as editor-in-chief of all content within AOL, including blogs like Engadget and TechCrunch, Patch, and the Huffington Post itself (which as far as we know is not going anywhere).

Kara Swisher has been all over coverage of the deal. In her report, she notes that Huffington Post CEO Eric Hippeau will not be staying with the company, nor will Chief Revenue Officer Greg Coleman. The other 200 Huffington Post employees will make the transition to AOL, though the mothership may be cutting staff in the months ahead.

The New York Times adds that AOL’s own news sites like Politics Daily are “likely to disappear when the deal is completed, and many of the writers who work for those sites will become Huffington Post writers.”

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More Changes At AOL

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Since he was hired two weeks ago at AOL, everyone has been wondering what Tim Armstrong&#151 former head of advertising at Google and soon-to-be CEO of AOL as of April 7th&#151will do with the company. The first answer seems to be restructure.

In an effort to simplify and rid the company of redundancy, AOL announced today that it would be restructuring Platform-A, the division that primarily deals with sales and advertising.

In a memo from Platform-A head Greg Coleman&#151you may remember him as the former head of Yahoo ad sales, brought over to AOL by former CEO Randy Falco to reorganize the ad sales division in February&#151he announced that there would be “Execs moving in and out of musical chairs and fewer cooks in the kitchen.”

Read the entire memo about the restructure, reprinted by BoomTown, after the jump.

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